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The Number of Song Requests a Radio Station Receives Per

question 52

Essay

The number of song requests a radio station receives per day is indicated in the tat below. Construct a graph for this data.
 Number of calls X89101112 Probability P(X)0.210.310.160.140.18\begin{array}{l|ccccc}\text { Number of calls } \boldsymbol{X} & 8 & 9 & 10 & 11 & 12 \\\hline \text { Probability } \boldsymbol{P}(\boldsymbol{X}) & 0.21 & 0.31 & 0.16 & 0.14 & 0.18\end{array}

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Definitions:

Standard Deviation

A statistical measurement that depicts the variation or dispersion of a set of values, commonly used in finance to measure the volatility or risk of an investment.

Defined Contribution Plan

A type of retirement savings plan where the amount contributed to the plan is defined, but the future benefit amounts are not guaranteed.

Risk-free Return

The return on an investment with no risk of financial loss, typically associated with government bonds.

Standard Deviation

A statistical measurement that reflects the amount of variance or dispersion of a set of values. A low standard deviation means that the values tend to be close to the mean, while a high standard deviation means that the values are spread out over a wider range.

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